Chanel acquires four French silk specialist manufacturers

As part of its vertical integration strategy, French luxury giant CHANEL has acquired four French silk specialist manufacturers Moulinages de Riotord, Textile Henri Lacroix, Hugo Tag Ennoblissement and Denis & Fils. Chanel bought the majority stake in all three, except Denis & Fils in which it invested in a minority stake. Earlier this month, Chanel acquired the Richard tannery in Millau.

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